DA Davidson Reaffirms “Buy” Rating for Tyler Technologies (NYSE:TYL)

Tyler Technologies (NYSE:TYL)‘s stock had its “buy” rating restated by analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They currently have a $460.00 price target on the technology company’s stock. DA Davidson‘s price target indicates a potential upside of 21.56% from the company’s current price.

Several other analysts have also issued reports on TYL. Weiss Ratings raised shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. UBS Group set a $395.00 price objective on shares of Tyler Technologies in a research report on Saturday, August 1st. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. TD Cowen boosted their price objective on shares of Tyler Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BTIG Research reaffirmed a “buy” rating and issued a $400.00 target price on shares of Tyler Technologies in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $442.78.

Tyler Technologies Stock Down 2.1%

Shares of NYSE:TYL traded down $7.96 during trading on Tuesday, hitting $378.42. 579,690 shares of the company were exchanged, compared to its average volume of 740,625. Tyler Technologies has a fifty-two week low of $270.71 and a fifty-two week high of $513.32. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 2.57 and a beta of 0.85. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $348.75 and a two-hundred day moving average price of $338.95.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $3.08 EPS for the quarter, beating the consensus estimate of $3.05 by $0.03. The company had revenue of $645.10 million during the quarter, compared to the consensus estimate of $647.95 million. Tyler Technologies had a return on equity of 11.15% and a net margin of 13.36%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.91 EPS. Tyler Technologies has set its FY 2026 guidance at 12.950-13.200 EPS. As a group, research analysts anticipate that Tyler Technologies will post 10.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Jeffrey Puckett sold 8,500 shares of Tyler Technologies stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total value of $3,029,740.00. Following the completion of the sale, the chief operating officer directly owned 7,784 shares in the company, valued at approximately $2,774,528.96. The trade was a 52.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 9,250 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $372.79, for a total value of $3,448,307.50. Following the completion of the sale, the chief executive officer owned 100,392 shares of the company’s stock, valued at approximately $37,425,133.68. This trade represents a 8.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG lifted its position in shares of Tyler Technologies by 259.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 97 shares of the technology company’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Quantbot Technologies LP bought a new position in shares of Tyler Technologies in the second quarter worth $35,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Tyler Technologies in the second quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Tyler Technologies by 75.0% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 147 shares of the technology company’s stock valued at $50,000 after purchasing an additional 63 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Tyler Technologies by 235.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the technology company’s stock valued at $54,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

About Tyler Technologies

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.